A Simplified Staffing Business Model

In much the same way Amazon and eBay have helped many get their start in starting, developing and running an e-commerce business, this same help is now available in starting a staffing business.

There are now well over two million third-party sellers on Amazon. The infrastructure that is on Amazon and eBay is plug_ and_ play for all who try and claim their stake on these selling platforms.

With this in mind, the traditional route for those seeking an opportunity to start their own staffing business included the need for a large capital infusion, a payroll system, access to high-cost worker's compensation insurance and many other costs that were prohibitive for most to enter the industry.

For many who do have the resources to enter the staffing industry, they often turn to high-cost franchise staffing companies who enjoy a large slice of earnings for the lifetime of the business. This relationship can grow strained over time and at some point the operator may feel they are contributing more to the franchise than the franchise is contributing to the operator. When this occurs, the separation from the business can grow messy and can even end in litigation.

The simplicity of both Amazon and eBay and their policies are a big draw for many who are looking to sell products online. There are no long-term agreements or costs that can easily cripple a new business. Being able to be flexible in a new venture is always a great asset and both these platforms allow for it.

This flexibility platform is now available in the world of staffing and has over 150 firms using this unique business model to grow impressive sized businesses with many reaching over a million in first-year billing. With over half a billion under management in less than 10 years in operation, one can see this is becoming a great alternative to going it alone or entering into a long-term agreement with a franchise.

What you get on the platform:

  • Worker's compensation insurance with no liability to the operator.
  • An unlimited funding source for all payroll and client billing.
  • A complete back-office for all management and personnel needs.
  • Access to professionals with over 40 years of staffing experience.

With all the boxes checked, this platform can be summed up as the Amazon or eBay of the staffing industry. If mitigation of risk is high on your list for starting a sustainable, prosperous business there are few options that can match what is now available.

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How Much Money Do You Need to Start a Medical Staffing Agency?

The amount of money you need to start a medical staffing agency will depend on several key factors. Let's examine some of the key factors to help you figure out exactly how much money you will need to start your staffing business.

Medical staffing franchise:

If you are interested in starting a franchise business, well it will cost you a lot more than a typical startup. Franchise cost can range in cost and services.

Range in cost: Between $ 25,000 to $ 150,000

The Range of cost for a Franchise staffing agency will only include the cost associated with the fees and construction; It does not include the cost associated with trying to find clients. OH, ya! I forgot to tell you, the cost of franchising is before you have one contract.

You will be expected to pay royalties to the franchise and you will be expected to follow the protocol set by the franchise. Some people find this helpful and some people may find this restricting.

You are committed to the franchise today and for the rest of the time you own the business.

Let us continue:

The next possible option is to go at it alone.

Start your own medical staffing agency:

OK, this is when it can get interesting, your cost can range in this scenario and the cost will really depend on your experience.

Range in cost: between $ 2,000 to $ 7,000

The Range is exactly what it will take to open the doors. Keep in mind; this cost is associated with the three phases of opening up a medical staffing agency.

Phase 1 : All The legal stuff.

Is typically the phase you get incorporated, you get your website and you get all your documents in order. This phase can take some time but this is a fundamentally needed phase and it must be done right.

Phase 2: Recruiting

This is the phase you begin getting all your talent pool and this is the phase you must begin from day one and continue through your agency. You have to continue this process because part of owning and opening an agency is always having enough people to fill the needs as your agency grows.

Phase 3: Getting Clients.

I consider this the most important phase, you must and I repeat, you must get clients in order to survive. Getting clients is the lifeblood of your business and must be continually analyzed. Getting business or getting contracts will be your number one priority when opening the doors for your business.

The options:

As you can see I have described two options here for starting your staffing agency. Both have pros and cons and you will have to determine what is important to you, how deep are your pockets? And can you afford either one.

You will always have unexpected expenses that you have to deal with in any business. You will have issues that come up that you did not expect. Planning is very important and …